Noted, thanks
I guess comprehension just isn't your strong point. I said "I don't have much of it any more for long term holding."
That means I have some.
Seeing as you asked, I originally posted in the interest of making this into a properly balanced and truthful post, as the first post overlooked mentioning that there could be difficulties ahead.
I get that you might be feeling a bit stupid for not understanding my original post but being gratuitously insulting won't fix that.
I think it's a bit rich calling people idiots for pointing out facts Stampee, especially when you have demonstrated such little understanding of business yourself.
Still, you know best (not)
I don't think it'd be a lucrative buyout for the shareholders if anyone bought 7Dig. They'd just be after the contracts.
No, I'm not. I guess you didn't read the RNS. The answers are there. You really need to understand what material uncertainty means.
Call me old fashioned but when the company itself says
"...... the Directors consider the Group to be a going concern whilst highlighting there to be the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern for the following reasons..."
any long term investing should only be undertaken with some caution, with eyes wide open and acknowledging the risk.
Short term it is probably a trader's share because of the volatility the statement brings but I don't have much of it any more for long term holding. That's not to say I won' t be back at some point in the future when the situation improves but there is better stuff out there I'm sure even in the AIM market.
However that's all just my opinion, take it or leave it.
"In view of the high level of interest to participate in this event, the deadline to submit your expression of interest is extended to 1st July 23:59 CEST."
My cynical mind wonders whether there was actually very little interest! :-)
But seriously - great find, hope we're involved!!
I pretty much bailed out of Tils after qualifying for the free shares - just a modest holding left ( - I do wish the SP would rise to match the potential of the product!!) - but my problem is how WIllis Owen will handle the shares. They've been saying they don't know how it will be managed from Accustem's end so they can't advise me, but now we know - it says added to the CREST account - I hope that answers it enough for them to be able to tell me what will happen.
I am still fairly sure I will get a cash equivalent and won't have the choice of hanging onto them even if I wanted. Glad it is nearing resolution though.
I guess it won't be too long before someone starts a thread where people guess the opening value :-)
I'm not sure the Accustem value will have any significant relevance to Tiziana. Separate company.
I've seen some folks questioning how to learn charting, well here's a freebie that might be of interest if you have a Kindle
https://www.amazon.co.uk/dp/B07HSSDK1C?smid=A1G3UP32AZJ14F
Oh yeah, didn't think of that. Could be either I suppose but maybe you're right.
Cuddles said above "This means that we are in the position to proceed with your in-specie transfer to James Hay Partnership, a valuation of the assets to be transferred has been provided to your new scheme and the cash element of the transfer will be sent once the assets have settled."
Do AJ Bell not allow you to hold US shares in your portfolio? If so this is the same situation I am in with Willis Owen.
Where do James Hay Partnership come into it, have you transferred your ISA (is that the "new scheme")?
If they have provided a valuation to them like they say they have, then someone somewhere knows what Accustem is worth (and that value may be a share opening value or an offer price for your shares).
But taken with the reference to "the cash element" - I'm going to take a wild guess that Accustem has been bought out by someone, for a shares and cash option, so you will get some shares in the new company which will be held by James Hay and some cash.
Does that sound feasible to anyone else?
Cuddles, if you are able to clarify the questions above it might give us some insight, or maybe ask A J Bell for comer further info if necessary. Thanks
Either way, I'm glad it seems to be coming to a conclusion and I hope it makes us all very rich!! :-)
Don't funds often run to a set of fairly strict rules, like maybe not being over-exposed to a particular sector or sub-sector, or having to maintain certain levels of liquidity? So sometimes they will be selling a stock which clearly has hit an artificial low. Almost algorithm trading sometimes, though I'm sure there are some out there which are more reactive and flexible.
It all seems a real muddle to me so while I don't understand it. That document linked the other day seemed to be registering ADRs to cover our entire market cap (and some!) , which are the means by which shares in a foreign company are traded on NASDAQ.
So in my mind, in this case, it sounds like the shares are being issued in the UK but not traded here, instead being bundled into ADRs for NASDAQ trading. So I'm not really sure that the ADR needs to meet the thresholds the same as a proper share would.
I do get that maybe NASDAQ gives more opportunity but it does sound awful complex to me...
Depends what it says really :-)
I don't think it clutching at straws to say that that statement doesn't preclude us.,
It says that "four monoclonal antibodies... have received a scientific opinion...and they hope to have one or two authorised...". It doesn't say whether all four were favourable.
So three or four spaces left maybe.
Then it says "There are also other products under assessment"
OA - your maths there is bad, that would be 20 not 25 - oh, and and it's cents not pence :-)
Anyway - it actually says...
Amount to be registered 250,000,000 ADR shares
Proposed maximum aggregate price per unit $0.05
Proposed maximum aggregate offering price $12,500,000 (which is the figures above multiplied)
and lastly
Amount of registration fee $1363.75 - is that the same as the listing fee Bluebelly?
I do have a nagging feeling this may be heading in a southerly direction for us... but I sincerely hope it isn't.
Great find, thanks.
Where do you get 25p OldApache? I can see $0.05 per ADR, which is 2 shares - so not very much at all for us if I'm right.
I thought I understood ADRs but I've now reviewed again and find I really don't understand them :-)
An ADR is a vehicle to allow US investors to invest in a foreign company. That much is fact.
So Accustem is therefore a foreign company (which is true - it's registered here, in the UK), and I guess it's 200m+ shares will be issued, but not traded, in the UK, which is why they need ADR's. I'd not come across that usage before.
Given that each ADR equates to two Accustem shares I'm not sure why they are registering 250m ADRs, maybe they're leaving headroom for expansion when they issue more shares (when they do the next fund raise, as I e3xpedc they are burning their way through the cash portion of the £3m and will need more to develop and market the product!!).